Table of Contents

  1. How Blockchain Fees Work
  2. Deposit vs. Withdrawal Fees
  3. How Network Fees Compare by Blockchain
  4. Tips for Sending Crypto to CoinPort
  5. Why Fees Fluctuate

1. How Blockchain Fees Work

Blockchain fees (also called network fees or gas fees) are payments required to process transactions on a cryptocurrency network. These fees:

  • Pay miners/validators for securing the network.
  • Prevent spam transactions.
  • Vary by blockchain (e.g., Bitcoin vs. Ethereum).

CoinPort does not profit from these fees—they are paid directly to the network.

2. Deposit vs. Withdrawal Fees

| Transaction Type | Fee Structure |
|——————|————–|
| Withdrawals | Free — CoinPort pays the network fee, and the full amount you withdraw is sent |
| Deposits | CoinPort charges nothing — the wallet or exchange you send from may charge its own network fee |

3. How Network Fees Compare by Blockchain

Network fees change constantly with network demand and coin prices. They matter when you send crypto to CoinPort from another wallet or exchange, because that service sets and charges the fee. As a rule of thumb:

Bitcoin (BTC)

  • Fees vary the most — Bitcoin’s blockchain has limited space, so fees rise with demand.

Ethereum (ETH) & ERC-20 Tokens

  • ETH fees (gas) depend on network congestion, and ERC-20 token transfers (such as USDT or USDC) use more gas than plain ETH. Historically the most expensive network in busy periods.

BNB Smart Chain (BSC) & BEP-20 Tokens

  • Typically much cheaper than Ethereum.

4. Tips for Sending Crypto to CoinPort

  • Pick a cheaper network where you can: for stablecoins, BNB Smart Chain usually costs less to send from than Ethereum.
  • Always match the network: send on the same network as the deposit address shown in your CoinPort wallet.
  • Avoid peak times: Ethereum gas spikes when the network is busy.

5. Why Fees Fluctuate

  • Demand: More users = higher fees.
  • Blockchain Upgrades: Ethereum’s EIP-1559 made fees more predictable.
  • Congestion: Busy periods clog networks and push fees up.

Need Help?

  • Live chat: our help bot answers common questions, and our team replies during business hours, Melbourne time
  • CoinPort Support: [email protected]
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This FAQ explains how network fees work. Withdrawals from CoinPort are free: we pay the network fee, so the full amount you withdraw is sent.